Jed Clampett said: "Still ticked about Fryett, IMO, screwing up many things and causing multiple delays and troubles. Tiny companies have a hard enough time without a joker like that hindering."
Jed, can you expound on exactly what you're talking about there? Are you saying he's CURRENTLY creating problems, even though his position was basically dissolved? Or, are you just saying they are still cleaning up the "messes" he left?
Also....wasn't sure what you meant by this....
Jed Clampett said: "Rumor mill says one more "no substance" PR with weather problems and who knows what else just to let everyone know things are still going. This should spark the usual cheers from the longs, and boos from those that sold or those just mad."
Are you saying you're hearing the next PR STILL might not announce flow rates, and will offer the bad weather as an excuse? Do you think such an excuse could be valid when all we're talking about is measuring flow rates on two wells?
I also don't understand why, if a PR like that came out, longs would "cheer" such a thing and those that sold would be mad. I am, without question, considered a "long," and I certainly wouldn't be "cheering" another delaying PR. I'll be angry and worried if such a thing were to occur. It would just be another example of how they never seem to do anything right.
News never seems to be genuinely good, if you know what I mean. It's either announcing something that "might" happen, or it speaks of "delays" and why things "aren't" happening. If they can't even measure flow rates in a timely manner, would you think that would even be a valid excuse?
They have had PLENTY of time since the last PR to measure the rates. If they can't announce the information on both wells, they should at LEAST come out with something on the first well. Think how long it's been since that first PR. It's been a loooong time since the work on that first well began, and we are to believe they still haven't measured the rate? Come on.....
No, I would take another "delay" PR as another VERY negative thing.
What's your opinion of there also being ZERO news on ALL of the overseas ventures? It's like they have just forgotten about everything except 10 Mile Draw. It's as if they think WE have forgotten about those projects, and they have no obligation to their shareholders to keep them informed. What are you hearing about the overseas deals? How far away are we from anything substantial be accomplished, and do you think there still WILL be something accomplished?
Lastly, I don't know how long you have had substantial holdings in EFCR, but I know you thought something was imminent as far back as early last summer. Can you justify absolutely NOTHING happening over the last 8 months? Has the company provided you with ANY valid reasoning to logically justify the delays?
I hope you'll answer these questions, as I think it would be a benefit to all of us to know your opinions.
Thanks |
